Walmart says looking into fake press release on litecoin tie-up

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ICYMI: Walmart said a press release announcing a litecoin partnership is fake. The fake statement said Walmart would allow its customers to make payments with litecoin at its online stores

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said on Monday it was looking into how a fake press statement announcing a partnership with litecoin, which briefly led to near 30% gains in the cryptocurrency, was issued by news release distributor GlobeNewswire.

GlobeNewswire published a notice to "disregard" the news release and said it had put in place enhanced authentication steps to prevent a similar incident from occurring in the future. Separately, the Litecoin Foundation said in a Twitter post it had no information on where the news release had originated.

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